Jones Financial Companies Lllp Acquires 2,297 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Jones Financial Companies Lllp increased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 140.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,927 shares of the apparel retailer’s stock after purchasing an additional 2,297 shares during the period. Jones Financial Companies Lllp’s holdings in American Eagle Outfitters were worth $65,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AEO. Zacks Investment Management purchased a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $931,000. Intech Investment Management LLC purchased a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $3,731,000. NFJ Investment Group LLC purchased a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $2,680,000. Smartleaf Asset Management LLC lifted its holdings in American Eagle Outfitters by 137.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 1,944 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in American Eagle Outfitters in the 4th quarter worth approximately $378,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Raymond James assumed coverage on American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating on the stock. Telsey Advisory Group lowered their price target on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th. Citigroup set a $13.00 price target on American Eagle Outfitters and gave the stock a “neutral” rating in a report on Tuesday, March 11th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, Barclays cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.00.

American Eagle Outfitters Price Performance

NYSE:AEO opened at $12.06 on Tuesday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.82 and a beta of 1.57. The stock’s 50 day simple moving average is $14.66 and its two-hundred day simple moving average is $17.52. American Eagle Outfitters, Inc. has a 1 year low of $10.74 and a 1 year high of $26.25.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is currently 29.76%.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 7.30% of the company’s stock.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.